Automatic Route for Issue of Shares by an Indian Company Under the Foreign Exchange Management Act regulations, an Indian Company is allowed to issue shares through the automatic route to a person who is a resident outside India.
Incorporation of Private Limited Companies in India Registration or incorporation of a private limited company is the simplest and quickest sort of India section procedure for foreign nationals and also foreign companies.
Conclusion Internal audits in microfinance can prove to be beneficial to the companies, such as identifying areas that need to be changed or reviewed, finding new risks, etc.
Applicability and non-applicability of cost audit: Every company specified like drugs and pharmaceuticals, fertilisers, sugar, etc shall get its cost records audited in accordance to the rules mentioned in the Company Act, 2013.
There are different types of NBFCs, and they are as follows: Infrastructure Finance Company Investment and Credit Company Asset Finance Company Loan Company Investment Company Core Investment Company Housing Finance Company Mortgage Guarantee Company Micro Finance Institutions Infrastructure Debt Fund How to classify NBFCs?
The guidelines provide that NBFC registered with RBI, having Net Owned Fund (NoF) of rupees five crores as per the last audited balance sheet shall be permitted to undertake insurance business as an agent of insurance companies.
RBI has provided ceilings on Maximum Dividend Payout Ratio as: For NBFCs not accepting public funds and not having any customer interface: No Maximum ceiling provided For Core Investment Company: 60% For Standalone Primary Dealers: 60% Other NBFCs: 50% What are the reporting requirements for NBFC declaring Dividends?